https://www.nytimes.com/2026/10/06/business/economy/us-trade-deficit.html
The widening trade deficit stemmed from rising imports, which outpaced the growth in exports. U.S. imports hit a record $420.8 billion in August, climbing 4.3 percent from July. Exports grew 1.4 percent compared with July, hitting $315.2 billion. Christopher Rupkey, chief economist at FWDBONDS, said there was simply “no good alternative” to foreign imports. The cost of American labor was simply too high to produce goods cheap enough for many Americans to consider purchasing, he said, and even if manufacturers were willing, factories could not be built fast enough. * “Despite the administration’s economic policies which have jacked up the tariff-related costs of many imported goods, America is just as dependent as ever on foreign-produced goods,” he said. * Note: Of course what he is actually saying is that companies continue to prefer imperial super-profits and the proceeds of unequal exchange and capital export to domestic production. Among the imports are A-I chips designed to further replace human labor. Michael Novick 323-636-7388https://www.antiracist.org http://www.change-links.org CONFIDENTIALITY NOTICE: The contents of this email message and any attachments are intended solely for the addressee(s) and may contain confidential and/or privileged information and may be legally protected from disclosure. If you are not the intended recipient of this message or their agent, or if this message has been addressed to you in error, please immediately alert the sender by reply email and then delete this message and any attachments. If you are not the intended recipient, you are hereby notified that any use, dissemination, copying, or storage of this message or its attachments is strictly prohibited. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#43648): https://groups.io/g/marxmail/message/43648 Mute This Topic: https://groups.io/mt/121633124/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
